New Red Hat CEO Jim Whitehurst says his company must be a defining technology company of the 21st century and provide more leadership to companies that are willing to co-develop software with open source projects and with other companies. "Ninety-five percent of software is developed by enterprises each year and is not for resale," involving a lot of re-inventing of the wheel by different firms. "There's hundreds of billions of dollars of wasted software assets each year," he said in an address to the Open Source Business Conference in San Francisco Tuesday.